Articles for tag: Boost, Collaboration, Express, Indias, Industry, Interest, Investments, Japan, Korea, Potential, Sees, Shipbuilding, South

September 15, 2024

India’s shipbuilding industry sees a potential boost as Japan and South Korea express interest in investments and collaboration.

Union Minister of Ports, Shipping, and Waterways, Sarbananda Sonowal, announced that Japan and South Korea are interested in investing in India’s shipbuilding industry. This could lead to direct investments, joint ventures, and technology sharing, enhancing India’s capabilities in this sector. To further develop shipbuilding, the ministry plans to create multiple clusters with the help of ...

September 14, 2024

Market News

Business

Delhivery accuses Ecom Express of misrepresenting business metrics in their IPO prospectus, igniting a fierce rivalry in logistics.

Delhivery, a logistics company backed by SoftBank, has accused its competitor Ecom Express of wrongly representing business metrics in its draft IPO documents. The dispute centers on shipment volumes and other financial figures, with Delhivery claiming Ecom Express has misclassified shipments by double-counting some returns. For instance, while Ecom Express reported 514.41 million shipments, Delhivery ...

September 10, 2024

Market News

Business

Air India Express plans to eliminate business class seats by 2025 amidst a major fleet expansion and operational restructuring.

Air India Express is planning to phase out business class seats from its aircraft by 2025. This decision comes as the airline, part of the Tata Group, prepares to merge AIX Connect with itself next month. Currently, Air India Express operates a fleet of 85 aircraft, which is expected to grow to around 100 by ...

May 9, 2024

Market News

Business

Air India Express cancels flights due to hundreds of crew falling ill

Air India Express has been forced to cancel several flights after a large number of crew members called in sick. Hundreds of employees reported feeling unwell, leading to disruptions in the airline’s schedule. The sudden shortage of staff has caused inconvenience to passengers, with many flights being grounded. Air India Express is currently working to ...